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What is SFT? Must watch before you file your ITR


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What is SFT? Must watch before you file your ITR

Government introduced SFT To keep a tab on black money and high value transactions  

SFT = Statement of Financial Transactions  

High value transactions reflect in Form 26AS  

Banks, Corporates, Mutual fund Trustees report such high value transactions to income tax authorities  

If fail to do so, they are imposed with penalties.  

Check your Form 26AS before filing ITR   

Declare related income to avoid income tax notice

Start e-Filing Fill in the details and our Income Tax Filing experts will get in touch with you.

Hassle-Free Online ITR Filing with Fintoo! visit - https://bit.ly/3gUwIS3

To watch the entire video - https://youtu.be/eRtXFsld9Ss

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